Barney Frank Present When Partner Arrested for Pot

Barney Frank

From FOX News:

The Democratic congressman was present for a marijuana bust at his partner's home in Maine in 2007.

Rep. Barney Frank admitted Friday that he was sitting on the porch of his partner’s Maine home when police came to arrest his partner for marijuana possession.

Frank, responding to new reports that he was present during the Aug. 2007 arrest of James Ready, said in a statement he was unaware Ready had marijuana plants.

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My Comment: Yeah right .....

Barney Frank: Don't Blame Me For The Housing Bubble

Barney Frank

From Tech Ticker/Yahoo Finance:

Who’s to blame for the subprime housing bubble? A popular answer – especially on the right side of the aisle - is Massachusetts Democrat, Barney Frank.

Why?

The argument, best summed up in an Investor's Business Daily editorial published in March 2009, goes like this: "Starting in the early 1990s," Rep. Barney Frank "(and other Democrats) stood athwart efforts by regulators, Congress and the White House to get the runaway housing market under control." It goes on to say in, "2002, Frank nixed reforms" of Fannie Mae and Freddie Mac and that in 2003, "led by Frank, Democrats stood as a bloc against any changes" that President Bush proposed making to Fannie and Freddie.

Is it true? Frank doesn't think so.

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Frank Asks Regulator to Pull Fannie, Freddie Bonuses

From Bloomberg:

March 20 (Bloomberg) -- Retention bonuses for senior executives at Fannie Mae and Freddie Mac should be canceled or recouped, House Financial Services Committee Chairman Barney Frank told the companies’ federal regulator.

The public insists “rightfully” that large bonuses to executives at companies receiving government aid must stop, Frank, a Massachusetts Democrat, said in a letter to Federal Housing Finance Agency Director James Lockhart today.

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A Tyranny Of Mediocrity And Sleaze Posted -- A Commentary

House Financial Services Committee Chairman Barney Frank (L) and Senate Banking Committee Chairman Chris Dodd talk to reporters after their meeting to discuss the economic bailout plan in the Capitol in Washington September 25, 2008. REUTERS/Kevin Lamarque (Photo from Portland Tribune)

From Wizbang:

As discussed the other night, Democrats in Congress are in heat over the opportunity to impose wage restraints on bankers, so much so that they desired to inflict their punishment retroactively. Sadly, this shovel ready load of spite found its way into the stimulus bill as the House and Senate voted to limit future compensation for the denizens of Wall Street. It has been reported that President Obama is opposed to this measure, which is no surprise since the intended victims pour large sums of cash into Democrat coffers.

This particular piece of legislation was tucked inside the stimulus bill by none other than Senator Chris Dodd. Yes, the same Chris Dodd who personally benefited from VIP mortgage terms offered by one of these now pay restricted bankers (Mr. Angelo Mozilo of Bank Of America subsidiary Countrywide Financial). The irony in this saga is rich (pardon the pun). Senator Dodd, Chairman of the Senate Finance Committee, lined his own pockets with cash that came from what is now essentially a ward of the government. This sets a new standard for the term Sleaze Factor.

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